Global Gaming Directory Website Network

5/19/2010

Australian Gambling News: Centrebet Set For Shake-Up, by Greg Tingle - 19th May 2010

Online gaming and wagering outfit Centrebet (International Ltd) says it is still in talks with a number of parties over consolidation opportunities.

Media Man down under and Gambling911 continue to delivery hard hitting, informative and entertaining news to the world. We learn the current Centrebet talks are likely to have a major impact on the online and offline gambling, betting, poker et al sector in Australia and the entire Asia Pacific...

The parties are understood to be overseas concerns, all or most of which out of Europe.

"Whilst parties have expressed interest in exploring a variety of transaction structures, no terms, including as to price, have been agreed," Centrebet said.

"Centrebet anticipates that these discussions may continue for some time."

Centrebet advised the talks may not result in any formal proposal being made to Centrebet shareholders.

Centrebet had said back in March that it became aware of potential takeover proposals in February and that the proposals were confidential, indicative and non-binding.

In March there was speculation that Ladbrokes, William Hill and Sportingbet were in late stages of talks with Centrebet.